Altius Minerals (TSE:ALS) Sets New 1-Year High – Should You Buy?

Altius Minerals Co. (TSE:ALS) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$49.92 and last traded at C$49.73, with a volume of 7260 shares. The stock had previously closed at C$46.79.

Wall Street Analysts Forecast Growth

ALS has been the subject of several analyst reports. National Bank Financial increased their target price on Altius Minerals from C$45.50 to C$52.00 in a report on Thursday, January 29th. Scotiabank upgraded Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. Raymond James Financial increased their price objective on Altius Minerals from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Canaccord Genuity Group raised their target price on shares of Altius Minerals from C$47.00 to C$51.00 in a report on Monday, March 16th. Finally, TD Securities lifted their target price on shares of Altius Minerals from C$39.00 to C$52.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$45.83.

Altius Minerals Trading Up 2.1%

The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98. The company has a market capitalization of C$2.79 billion, a PE ratio of 7.88 and a beta of 0.33. The stock’s fifty day moving average price is C$45.23 and its two-hundred day moving average price is C$40.65.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$14.06 million for the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%. Sell-side analysts anticipate that Altius Minerals Co. will post 0.3509869 earnings per share for the current year.

Insider Transactions at Altius Minerals

In other Altius Minerals news, insider Flora Emily Mackay Wood purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average price of C$43.15 per share, with a total value of C$43,150.00. Following the completion of the purchase, the insider directly owned 13,370 shares of the company’s stock, valued at C$576,915.50. The trade was a 8.08% increase in their position. Also, insider Mark Raguz purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of C$40.20 per share, with a total value of C$40,200.00. Following the purchase, the insider directly owned 21,253 shares of the company’s stock, valued at C$854,370.60. This trade represents a 4.94% increase in their ownership of the stock. In the last three months, insiders have acquired 5,160 shares of company stock worth $220,562. 19.00% of the stock is currently owned by insiders.

About Altius Minerals

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.